Growth in Indian Wire and Cable Industry- The Way Forward
The Indian wire and cable industry is witnessing robust double-digit growth, driven by rapid urbanisation, infrastructure expansion, rural electrification, renewable energy projects, and the government’s focus on ‘Make-in-India’ and manufacturing growth. The shift toward smart cities, modernisation of the power grid, and electrification of transport are also creating consistent demand. Given India’s demographic advantage and the government’s push toward sustainability and domestic manufacturing, we believe this growth is not just a short-term surge but a sustained opportunity for the coming decade.
Primary Drivers of Wire and Cable Industry Expansion
Power transmission & distribution continues to be the largest driver, followed by telecom (fiber optic expansion and 5G rollout), construction and real estate (urban and industrial projects), and the fast-emerging EV and railway electrification sectors. Solar, wind, and green hydrogen are also contributing significantly to the demand for advanced and durable cable materials.
Watch: Top Cable Companies in India
Major Trends in Terms of Technology, Product Mix, and Supply Chain
We are seeing three major shifts: sustainability focus, performance-driven solutions, and localised supply chains.
In terms of sustainability, LSZH/HFFR compounds and recyclable materials are increasingly preferred over halogenated systems. With higher voltages, faster data speeds, and harsher environments, there is growing adoption of speciality compounds like e-beam crosslinkable insulation and sheathing. Further, the global disruptions have pushed cable manufacturers to source more raw materials domestically, reducing reliance on imports and ensuring stability.
Impact of New Entrants in the Industry
The entry of new players has expanded capacity but has also heightened competition on pricing. For innovation-driven companies like Taprath Elastomers, this is an opportunity. We differentiate by offering advanced, tailor-made solutions like TapBeam E-beam crosslinkable compounds, TapTech LSZH/HFFR systems, TapStar speciality additives, and Tapryl NBR powders that add value beyond cost. Innovation and reliability remain the true differentiators in this industry.
Crucial Financial Information, Important Events, and Advancements
In the last year, Taprath Elastomers has expanded its footprint in railway, solar, and EV cable segments, introducing new e-beam crosslinkable and flame-retardant grades. We achieved double-digit growth in wire and cable applications, supported by stronger partnerships with leading manufacturers. While financials are confidential, we can share that our wire and cable portfolio has emerged as one of the fastest-growing verticals within Taprath Elastomers’ business.
Significant Expansions, Investments, and Capacity Enhancements
Taprath Elastomers is in the process of enhancing production capacity for its LSZH/HFFR compounds and functional additives to meet growing demand. We are also investing in R&D to accelerate the development of next-generation e-beam crosslinkable compounds and eco-friendly solutions tailored to global standards.
Future Readiness to Compete in the Evolving Market
We are strengthening our three core pillars: innovation, sustainability and customer partnership. We are continuously upgrading formulations to meet FT-2, CT, and international fire safety standards and developing eco-friendly compounds that support circular economy goals. We are also working closely with clients to customize solutions, ensuring faster adoption and technical support.
B2B Exhibitions Fueling Industry Growth
B2B exhibitions are crucial platforms for industry players to connect, showcase innovations, and build collaborations. They provide a real-time pulse of industry trends, help manufacturers understand customer requirements, and facilitate technology exchange, which accelerates growth for the entire ecosystem.
Also Read: 3R Polymers: Achieves Double-digit Growth With Adoption of FRLS, LSZH & HFFR Compounds
Past Participation Experience in Cable & Wire Fair
Cable & Wire Fair has been very fruitful for us as it has allowed Taprath Elastomers to demonstrate our new product launches, connect with existing customers on a personal level, and explore opportunities with international visitors. We have successfully built several long-term partnerships that started at past editions of the fair.
Expectations from Cable & Wire Fair 2025
We expect Cable & Wire Fair 2025 to be larger, more global, and more innovation-focused than ever. At Taprath Elastomers’ booth, visitors can look forward to TapBeam: advanced e-beam crosslinkable compounds for railways, solar, EV, and naval cables; TapTech: flame-retardant LSZH/HFFR compounds for insulation and sheathing; TapStar: functional additives including rodent/termite repellents, UV stabilisers, and anti-drip solutions , and Tapryl: NBR powders for PVC modification and semicon applications. Our focus will be on safety, sustainability, and performance, and we look forward to meaningful conversations with industry leaders.
Visit Stand: Hall 5/ E4-3 at Cable & Wire Fair 2025, New Delhi
